Seylan Bank PLC

Seylan Bank PLC provides various banking and financial services across Sri Lanka. The bank offers a range of products for personal, business, and corporate clients. It also includes specialized trade, treasury, and lending solutions.

Personal and Digital Banking

Seylan Bank offers several account types. The Seylan Savings Account features a tiered interest rate structure. It also provides automated monthly e-statement delivery via Internet Banking. The Seylan Current Account allows 24×7 access through Internet Banking and SMS Banking. It includes Visa Debit Card linkage. Seylan Fixed Deposits offer an auto-renewal option. Senior citizens receive a +0.25% rate boost for FCY deposits.

For youth, the Seylan Seylfie Youth Savings Account provides digital interest credited as mobile-data top-ups. This account comes with a chip-based debit card. It offers age-graduation cash grants up to LKR 25,000. Personal Foreign Currency Accounts (PFCA) support multi-currency balances like USD, EUR, GBP, and JPY. Clients can obtain up to 90% loan advance against FCY deposits.

The bank issues Seylan Credit Cards with EMV chip & PIN security. It supports auto-EMI conversion on retail transactions. Seylan Debit Cards feature chip-and-PIN authentication. These cards allow international ATM withdrawals on the Visa network. Seylan Soft Token generates in-app OTPs without SMS. It integrates MFA for Online and Mobile Banking. Seylan Online Banking offers self-onboarding registration. It uses multi-factor authentication with the Soft Token. The Seylan Mobile Banking App provides real-time push transaction alerts. It also supports biometric login. Seylan Red is the bank's Priority Banking service. It assigns a dedicated Relationship Manager with a 24-hour service desk. This service offers priority-rate Forex and deposit pricing.

Business, Corporate, and Trade Services

Seylan Bank supports businesses with dedicated accounts. The Seylan Business Current Account provides island-wide Internet, SMS, and Mobile access. It includes the Seylan Payroll bulk-payment module. Seylan Corporate Current Accounts feature multi-user login with Initiator and Approver roles. These accounts offer free monthly e-statements. Seylan Corporate Online Banking allows bulk fund transfers via CSV upload. It integrates Government e-payment for IRD and Customs. The Seylan Internet Payment Gateway (IPG) uses 3D-Secure for e-commerce transactions. It ensures real-time settlement to merchant accounts. Seylan mPOS devices are Bluetooth-paired card readers. They offer end-to-end transaction encryption. The Seylan Merchant Portal provides a transaction reconciliation dashboard. It enables automated daily payout scheduling. Seylan Payroll Services manage EPF/ETF auto-remittance. It supports bulk salary upload via secure FTP.

The bank provides various finance solutions. Seylan Working Capital Finance offers a revolving overdraft facility. It processes web-enabled drawdown requests. Seylan Asset & Equipment Finance includes direct debit lease payments. Asset tracking uses a collateral registry link. Seylan Import & Export Finance features an Import Documentary Collection module. It offers pre- and post-shipment financing. Seylan Syndicate Finance uses pro-rata disbursement schedules. It includes agency fee collection mechanisms. Seylan Margin Trading provides real-time market price feeds. It sends auto-margin-call notifications. Seylan Leasing covers operating and finance lease structures. It includes an early termination valuation calculator. Seylan Letter of Credit & Guarantees supports SWIFT MT700 issuance. It features automated document compliance checklists. Seylan Treasury Bills & Bonds facilitate direct bid placement via an e-platform. It allows auto-rollover instructions. Seylan Securitization & Commercial Paper involves structured pay-through trust setup. It links custodian accounts.

Lending and Specialized Services

Seylan Bank offers various lending products. Seylan Personal Loans provide an online eligibility calculator. They issue e-approved sanction letters. Seylan Housing Loans offer floating vs. fixed-rate switch options. An online amortization schedule is available. Seylan Student & Educational Loans include a co-applicant portal. They provide grace-period interest deferment. Seylan Business Loans (SME) use cash-flow-based credit scoring. They integrate with the collateral registry. Seylan Bank Assurance features embedded insurance riders. It supports auto-renewal mandates via standing order.

Specialized services include offshore banking. Seylan Offshore Foreign Currency Banking allows onshore/offshore switching via a single account ID. It supports online FCY fund transfers. The Seylan Non-Resident Foreign Currency Account (NRFC) provides tax-exempt interest credit. It includes international remittance inward-auto-conversion functionality. Seylan's Seylfie account uniquely converts savings interest into mobile-data credits through telecom partnerships. The bank’s Multi-currency Soft Token supports OTP generation for both FCY and local currency transactions in one app. Corporate Online Banking features integrated government payments. It allows direct IRD, Customs, and Ports Authority remittances.